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Workers Get Bigger Raises as Labor Market Tightens

Wages for the typical worker—nonsupervisory employees who account for 82% of the workforce—are rising at the fastest rate in more than a decade, a sign that the labor market has tightened.39613 hours ago

Fed’s U-Turn on Assets Faces Test

To halt money-market volatility the Fed flooded the market with cash—and it accumulated assets again. The move will encounter a year-end test when some financial institutions could face incentives to limit their lending.68

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